HubSpot, Inc. (NYSE:HUBS) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,497 shares of the software maker's stock after selling 23,140 shares during the period. First Trust Advisors LP owned approximately 0.54% of HubSpot worth $193,351,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. B.O.S.S. Retirement Advisors LLC bought a new position in HubSpot in the 4th quarter worth $1,361,000. Oak Harvest Investment Services bought a new stake in HubSpot during the 4th quarter worth approximately $2,065,000. Donoghue Forlines LLC purchased a new position in HubSpot during the fourth quarter valued at approximately $2,049,000. Mayflower Financial Advisors LLC bought a new position in shares of HubSpot in the fourth quarter worth approximately $862,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of HubSpot by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,246 shares of the software maker's stock worth $2,262,000 after purchasing an additional 49 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HUBS has been the subject of several recent analyst reports. Redburn Atlantic initiated coverage on shares of HubSpot in a report on Wednesday, February 19th. They issued a "buy" rating for the company. BNP Paribas started coverage on HubSpot in a report on Tuesday. They issued an "outperform" rating and a $700.00 price target on the stock. Oppenheimer increased their price objective on shares of HubSpot from $850.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Stifel Nicolaus lifted their price objective on shares of HubSpot from $880.00 to $925.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Mizuho cut their target price on shares of HubSpot from $900.00 to $700.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $789.11.

Insider Buying and Selling

In other news, CEO Yamini Rangan sold 2,382 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $573.92, for a total transaction of $1,367,077.44. Following the sale, the chief executive officer now owns 72,373 shares of the company's stock, valued at $41,536,312.16. This trade represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Halligan sold 8,500 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $810.00, for a total transaction of $6,885,000.00. Following the completion of the transaction, the insider now owns 524,751 shares of the company's stock, valued at approximately $425,048,310. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,882 shares of company stock worth $17,993,757. 4.50% of the stock is owned by company insiders.

HubSpot Stock Performance

NYSE:HUBS traded up $16.44 during mid-day trading on Friday, hitting $616.94. 296,837 shares of the company's stock traded hands, compared to its average volume of 619,588. The company has a fifty day moving average of $607.88 and a 200 day moving average of $660.06. HubSpot, Inc. has a twelve month low of $434.84 and a twelve month high of $881.13. The company has a market capitalization of $32.18 billion, a P/E ratio of 6,853.16, a P/E/G ratio of 41.44 and a beta of 1.82.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($1.98). HubSpot had a net margin of 0.17% and a negative return on equity of 0.07%. On average, research analysts expect that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.